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Results 1 - 10 of 45 for euro zone crisis

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  1. Business - Economy - FINANCE

    Bank of Cyprus chairman quits post

    Posted Mar 27th 2013, 12:00am by AFP

    ... to oversee the downsizing of the island's largest lender as a condition of a euro zone bailout, reports said. This comes as thousands of students and hundreds of bank workers protested ... in the capital Nicosia against the bailout deal while security guards were stationed outside bank branches for the first time during the crisis. Additional reporting by Reuters ...

    http://www.scmp.com/business/economy/article/1200636/bank-cyprus-chairman-quits-post
  2. News - Hong Kong - FINANCE

    SFC launches legal action against Citic to demand compensation for investors

    Posted Sep 11th 2014, 11:17pm by Enoch Yiu

    ... action came a long time after its investigation. But Cheung added: "Luckily, we are happy to see the SFC has helped investors to recoup their losses."   Citic's forex crisis laid bare during 2008 financial crisis Citic and its former directors' troubles were first made public in October 2008, when it disclosed a potential HK$15.5 billion loss from unauthorised ...

    http://www.scmp.com/news/hong-kong/article/1590457/sfc-launches-legal-action-against-citic-demand-compensation-investors
  3. Business - Banking & Finance - FINANCE

    HSBC pays US$550m to settle US claims over mortgage-backed securities

    Posted Sep 14th 2014, 06:35am by AP

    ... government agreement over actions related to the financial crisis that struck in 2008. The meltdown, triggered by vast sales of high-risk mortgage-backed securities, plunged the US economy ... at the height of the financial crisis in September 2008 when they were on the verge of collapse. The companies received taxpayer aid totalling US$187 billion. They have since become profitable ...

    http://www.scmp.com/business/banking-finance/article/1591986/hsbc-pays-us550m-settle-us-claims-over-mortgage-backed
  4. Comment - Insight & Opinion - FINANCE

    US Fed's Stanley Fischer wants new approach to global growth

    Posted Aug 17th 2014, 04:25am by Reuters

    ... welcomed the weaker euro this policy should produce. But what of Fischer's caveat of "restoring growth, if that is possible". Many economists now say there is nothing more ... of Fischer's speech is clear: restoring pre-crisis growth rates should be possible- but only if policy is reformed to deal with three issues that have been treated as taboo, especially among central ...

    http://www.scmp.com/comment/insight-opinion/article/1575070/us-feds-stanley-fischer-wants-new-approach-global-growth
  5. Lifestyle - Books - FINANCE

    Book review: Saving the Market from Capitalism, by Massimo Amato and Luca Fantacci

    Posted Aug 17th 2014, 08:02am by David Wilson

    ... inflationary pressure. Worse, contrary to popular assumption, China was rocked by the global financial crisis, they say, citing evidence of a slowdown across the BRICS (Brazil, Russia, India, China, South Africa). Despite the scope of the crisis blamed on bankers, little has been done to prevent future meltdowns, they write. Their advice is that, instead of preaching at failed states ...

    http://www.scmp.com/lifestyle/books/article/1574187/book-review-saving-market-capitalism-massimo-amato-and-luca-fantacci
  6. News - World - FINANCE

    Big Cyprus savers could lose 60pc

    Posted Mar 31st 2013, 12:00am by AFP

    ... they can satisfy the terms of the bailout. Under the first euro zone rescue package to punish savers with a so-called haircut of their money, Cyprus can qualify for the €10 billion (HK$100 billion) ... struggling euro zone countries like Greece, Italy or Spain are taking fright at the precedent set by the bailout. "Cyprus is, and will remain, a special, one-off case," German Finance ...

    http://www.scmp.com/news/world/article/1203483/big-cyprus-savers-could-lose-60pc
  7. Business - Banking & Finance - FINANCE

    Every penny of HK$3 trillion Exchange Fund needed for ‘crises’, says HKMA chief

    Posted Jul 29th 2014, 01:50am by Enoch Yiu

    ... 'vital in a crisis' The head of Hong Kong's de facto central bank has rejected calls from some lawmakers to use part of the city's HK$3 trillion Exchange Fund to pay ... stability and that the surplus could be spent. But Chan said the 2008 global financial crisis showed that the government should be ready for every eventuality. The government decided to provide ...

    http://www.scmp.com/business/banking-finance/article/1561450/hands-hk3-trillion-exchange-fund-says-monetary-authority
  8. Business - Banking & Finance - FINANCE

    Mainland China authorities clash over securities launch

    Posted Jun 23rd 2014, 03:08am by REN WEI

    ... or loans pooled into financial instruments that can be sold to general investors. They were at the centre of the credit bubble of the mid-2000s and the financial crisis that followed in 2008. ...

    http://www.scmp.com/business/banking-finance/article/1538534/mainland-china-authorities-clash-over-securities-launch
  9. News - Hong Kong - FINANCE

    Hong Kong could face Greek-style financial crisis, warn government advisers

    Posted Mar 04th 2014, 12:33am by Olga Wong, Phila Siu, FANNY W.Y. FUNG

    ... Olga Wong, Phila Siu and Fanny W.Y. Fung Government could face massive deficit in coming years if spending continues to soar amid impact of ageing population Advisers warn of Greek-style debt meltdown Hong Kong could be as heavily indebted as Greece- faci ...

    http://www.scmp.com/news/hong-kong/article/1439664/hong-kong-could-face-greek-style-financial-crisis-warn-government
  10. Sport - Soccer - FINANCE

    Soccer's transfer world is suffering from global crisis

    Posted Jan 26th 2013, 12:00am by AFP

    ... Agence France-Presse Players from cash-strapped European countries seek better pay and prospects away from home Global economic crisis sees exodus of talent The global economic crisis ... that Greece, where some clubs struggle to stay afloat, has become a virtual no-go zone for foreign players in their prime because of meagre financial rewards. "The percentage of players imported ...

    http://www.scmp.com/sport/soccer/article/1136133/soccers-transfer-world-suffering-global-crisis

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